---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-099051"
form_type: "8-K"
ticker: "BAM"
cik: "0001937926"
company_name: "Brookfield Asset Management Ltd."
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T03:59:21.401916+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Brookfield to acquire remaining 26% of Oaktree for ~$3B; close expected Q1 2026

## Summary
- Total consideration ~$3B: BAM funds ~$1.6B, BN funds ~$1.4B; Oaktree holders elect cash, BAM or BN shares with 2- and 5-year lock-ups.
- Howard Marks and Bruce Karsh to remain in senior roles; Karsh to join BAM Board; O'Leary and Panossian become Co-CEOs of Brookfield's credit business.
- BAM to gain incremental 26% interest in Oaktree's fee-related earnings, carried interest (net of BN's 33% royalty), and partner manager stakes in 17Capital and DoubleLine.
- Transaction expected to be accretive to BAM and BN, with no material changes to operations or strategic plans.
- BAM generated ~$2.8B fee-related earnings over trailing twelve months inclusive of 100% Oaktree.

## SEC filing metadata
- accession: 0001104659-25-099051
- form_type: 8-K
- ticker: BAM
- cik: 0001937926
- company_name: Brookfield Asset Management Ltd.
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1937926/000110465925099051/0001104659-25-099051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1937926/000110465925099051/tm2528649d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-099051
- JSON: https://secwatch.observer/filing/0001104659-25-099051.json
- Plain text: https://secwatch.observer/filing/0001104659-25-099051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.